Meta Job Cuts: Meta Platforms Inc. employees received news Wednesday of the final round of previously announced job cuts, which affected thousands of workers in the company's business departments.
The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring users personal information across the Atlantic by October.
Meta is building its first-generation custom silicon chip for running artificial intelligence (AI) models, saying its AI compute needs will grow dramatically over the next decade as we break new ground in AI research.